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Rep office reports

The U.S. Midwest utilities craft ambitious renewables, coal-retirement plans to meet goals (Economic Division in Chicago)
Kind: Rep office reports  Organization: Department of International Cooperation  Publish Date: 2020-11-19 09:29
2020 S&P Global
09 Nov 2020

The United States six Midwest utilities have said they expect to spend more than a combined $15 billion over the next several years to install or buy roughly 4 GW of solar generation, more than 3.6 GW of wind generation and just over 1 GW of electric battery storage.

Each of the utilities also said during third quarter 2020 earnings presentations that they intend to continue to retire long-held coal-fired capacity as they pursue carbon reduction targets that in most cases they have set for the years 2025, 2030 and 2050.

The six Midwest utility holding companies -- the WEC Group, which serves mainly Wisconsin, Alliant, which serves both Wisconsin and Iowa, Xcel's Minnesota utility subsidiary, Michigan's CMS Energy and DTE Energy and Ameren Energy based in St. Louis, Missouri -- reported Q3 earnings in the last week of October and the first week of November and said they expect to retire a combined total of 5.8 GW of coal-fired capacity by the years 2022-2023.

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Plans of 6 Midwest Utilities to Use More Renewables and Retire Coal ( 2020 S&P Global)
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Update: 2020-04-08
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